Edge AI Hardware Market Outlook – 2030
The global edge AI hardware market size was valued at $6.88 billion in 2020 and is projected to reach $38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030.
Edge AI hardware is a bunch of several devices that are utilized to power & process artificial intelligence-based robots & devices. These gadgets are utilized to coordinate and work on handling of artificial intelligence gadgets by processing information in the actual hardware.
Growth of the global edge AI hardware market is anticipated to be driven by factors such as the emergence of AI coprocessors for edge computing and the rise in IoT applications by various end-user industries such as automotive, and consumer electronics, among others. In addition, an increase in real-time low latency on edge devices boosts the overall market growth. However, power consumption & size constraint acts as a major restraint for the global edge AI hardware industry. On the contrary, rise in demand and adoption of artificial intelligence products & services is expected to create lucrative opportunities for the market.
Segment Overview
The global edge AI hardware market is segmented based on component, device type, process, end user, and region. By component, the market is classified into processor, memory, sensor, and others. Depending on the device type, it is categorized into smartphones, cameras, robots, wearables, smart speakers, and others. The process covered in the study includes training and inference. Based on end user, it is classified into consumer electronics, smart home, automotive, government, aerospace & defense, healthcare, industrial, construction, and others.
By Component
Processor segment is projected to be the most lucrative segment during 2021 - 2030
Region-wise, the edge AI hardware market trend is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America dominated the edge AI hardware market in 2020 and is projected to register a significant growth rate during the forecast period, owing to the growth of the consumer electronics sector. However, Asia-Pacific is expected to witness a significant growth rate by the end of the forecast period, followed by LAMEA.
By Device Type
Smartphones segment will dominate the market during the forecast period
Leading-edge AI hardware manufacturers such as Intel Corporation, Samsung Electronics Co., Ltd., and Google Inc. are focusing on their investments in technologically advanced, cost-effective, and more secure products and solutions for various applications.
By Process
Inference segment will dominate the market with a highest CAGR of 19.5% during 2021 - 2030
Top Impacting Factors
Prominent factors that impact the edge AI hardware market growth are a rise in investments in AI startups and an increase in demand for smart homes & smart cities. In addition, the surge in the need for automation & safety in organizations drives the edge AI hardware market growth. However, lack of awareness among SMEs restricts the market growth. On the contrary, growth in the adoption of robotics technology in emerging countries is expected to create lucrative opportunities for the market.
By End User
Consumer Electronics segment will maintain the lead during the forecast period
Competitive Analysis
Competitive analysis and profiles of the major edge AI hardware market players such as Apple Inc., Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation (IBM), MediaTek Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies Inc., and Samsung Electronics Co. Ltd. (Samsung) have been covered in the report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.
By Region
Asia-Pacific region would exhibit the highest CAGR of 22.1% during 2021 - 2030
Key Benefits For Stakeholders
- This study comprises an analytical depiction of the global edge AI hardware market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall edge AI hardware market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current edge AI hardware market forecast is quantitatively analyzed from 2020 to 2030 to benchmark financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the edge AI hardware market share of key vendors.
- The report includes the market trends and the market share of key vendors.
Edge AI Hardware Market Report Highlights
| Aspects | Details |
 By Component |
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 By Device Type |
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 By Process |
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 By End User |
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 By Region |
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 Key Market Players | Samsung Electronics, MEDIATEK, INC., Google LLC (Alphabet Inc.), International Business Machines Corporation (IBM), MICROSOFT CORPORATION, Apple Inc., Huawei Technologies Co., Ltd. (Huawei), NVIDIA CORPORATION., Qualcomm Technologies, Inc., INTEL CORPORATION |
Analyst Review
Edge AI hardware devices use artificial intelligence & edge computing to run machine learning tasks directly on connected edge devices. It provides several advantages such as lower data transfer volume, speed for real-time computing, privacy & security, high availability, and cost. There are many applications of these hardware to be expected in the future in several areas such as smart AI vision camera, smart energy, AI healthcare, entertainment, smart factories, and intelligent transportation systems.
Growth of the global edge AI hardware market is anticipated to be driven by factors such as emergence of AI co-processors for edge computing, and rise in IoT application by various end user industries such as automotive, consumer electronics, among others. In addition, increase in real-time low latency on edge devices boosts the overall market growth. However, power consumption & size constraint acts as a major restraint for the global edge AI hardware industry. On the contrary, rise in demand and adoption of artificial intelligence products & services is expected to create lucrative opportunities for the edge AI hardware industry.
Key players of the market focus on introducing technologically advanced products to remain competitive in the market. Acquisition and product launch are expected to be the prominent strategies adopted by the market players. North America accounted for a major share of the market in 2020, owing to the presence of major players in the region. However, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of edge AI hardware in a variety of fields.
The Edge AI Hardware Market is estimated to grow at a CAGR of 18.8% from 2021 to 2030.
The Edge AI Hardware Market is projected to reach $38.87 billion by 2030.
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Rise in investments in AI startups and increase in demand for smart homes & smart cities etc. boost the Edge AI Hardware market growth.
The key players profiled in the report include Apple Inc., Google LLC (Alphabet Inc.), Intel Corporation, and many more.
On the basis of top growing big corporations, we select top 10 players.
The Edge AI Hardware Market is segmented on the basis of component, device type, process, end user, and region.
The key growth strategies of Edge AI Hardware market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Asia-Pacific region would grow at a highest CAGR of 22.1% during the forecast period.
Processor segment will dominate the market by the end of 2030.
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